Anthropic’s Massive AI Buildout Is Another Bullish Signal for AMD Stock

Spending on AI infrastructure keeps growing, and Advanced Micro Devices (AMD) keeps emerging in the middle of it. As the latest example, there is news of a 20-year data center deal of Anthropic with Riot Platforms (RIOT) that Wedbush believes will be good for AMD and the AI hardware sector.

Riot will give "a leading frontier AI company" 191 megawatts (MW) of capacity, said to be Anthropic. The tie-up with AMD looks rather interesting, as RIOT currently operates 25 MW of capacity for AMD, has another 25 MW under construction and even more potential AMD capacity that could reach 200 MW. On top of that, AMD has announced a new strategic partnership with Anthropic that involves deployments of up to 2 gigawatts of MI450 Series GPUs in Helios racks.